When making a value-added invoice (VAT) to receive a VAT reduction from 10% to 8% according to Decree 15/2022/ND-CP , a business establishment should note some of the following contents:
Article table of contents
Instructions for making invoices when reducing VAT from 10% to 8% (Artwork)
* For business establishments that calculate VAT by the credit method :
According to Point a, Clause 3, Article 1 of Decree 15/2022/ND-CP , when making a value-added invoice for the provision of goods and services subject to VAT reduction, at the value-added tax rate line write " 8%"; value added tax; the total amount to be paid by the buyer.
Based on VAT invoices, business establishments selling goods and services shall declare output VAT, and business establishments purchasing goods and services shall declare and deduct input VAT according to the reduced tax amount stated on the invoice. VAT.
* For business establishments (including business households and business individuals) VAT is calculated according to the percentage method on revenue :
At Point b, Clause 3, Article 1 of Decree 15/2022/ND-CP , it is clear that when making sales invoices for the provision of goods and services subject to VAT reduction:
+ In the column "Total money" write the full amount of goods and services before the reduction;
+ In the line "Adding money for goods and services", write the number that has decreased by 20% in the percentage of revenue, and at the same time note: "reduced... (amount) corresponds to 20% of the percentage rate of % of revenue. to calculate VAT according to Resolution 43/2022/QH15 .
Some note:
- Business establishments must issue separate invoices for goods and services eligible for VAT reduction. In case a business establishment does not issue a separate invoice for goods and services eligible for VAT reduction, it is not entitled to VAT reduction.
- In case the business establishment has issued an invoice and declared according to the tax rate or percentage to calculate the VAT that has not been reduced as prescribed in Decree 15/2022 , the seller and the buyer must make a record. or there is a written agreement specifying the error, at the same time the seller makes an invoice to correct the error and delivers the adjusted invoice to the buyer.
Based on the adjusted invoice, the seller declares and adjusts the output tax, and the buyer declares the adjustment of input tax (if any).
- In case the business establishment of goods and services eligible for VAT reduction has issued an ordered invoice printed in the form of a pre-printed ticket with its unused face value (if any) and has a need to continue using it. If used, the business establishment shall stamp according to the price that has been reduced by 2% of the VAT rate or the price that has been reduced by 20% of the percentage rate next to the pre-printed price criterion for continued use.
- Business establishments shall declare VAT-reduced goods and services according to Form No. 01 in Appendix IV issued with Decree 15/2022 together with the VAT declaration.
Recently, the General Department of Taxation has also issued Notice 27/TB-TCT dated January 27, 2022 on upgrading the VAT invoice software to meet the regulations on reducing the VAT rate in Resolution 43/2022/QH15 , As follows:
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